Stories for May 25th 2011
Brazil’s Vale Doce, the world’s biggest iron-ore producer, said it will invest 2.9 billion US dollars to increase the capacity of the Ponta da Madeira terminal in northern Brazil, making it the largest port in the country by volume.
Uruguay and Argentina have received interest from 39 companies to build infrastructure for a floating LNG terminal, a project they are fast-tracking to start operations by the end of 2013, a project adviser said Tuesday.
At least four candidates will stand for election at the Falkland Islands Legislative Assembly by-election (Stanley constituency) on June 23; only one of which has never taken up a place in former Legislative Assemblies.
The Falkland Islands right to self determination “is undiminished as is the support from the UK to uphold that right and no amount of posturing by others can affect that right”, said Governor Nigel Haywood in his ‘State of the Nation’ address to the Legislative Assembly at the opening of the budget session.
Chileans of German, British, Italian, Spanish, Japanese, French, Arab and Israeli descent sacrificed part of their heritage in the late 19th and early 20th centuries upon immigrating to Chile. Though their history is oft-forgotten in modern-day Chile, new exhibitions on display in Santiago and Valparaíso this month will show more than 70 photographs and 50 personal items representing the immigrant experience.
The global economic recovery still faces many risks, which could lead to stagflation, the OECD has said in its latest economic outlook. World growth is forecast to be 4.2% this year, down from 4.9% last year, before rising to 4.6% in 2012.
Gibraltar’s opposition has signalled unease with the prospect of the conservative PP forming a government in Spain in the near future. In a statement analysing the municipal results the Opposition says that Gibraltarians will feel “extremely nervous” about the prospect of the PP in power.
Uruguay is the most peaceful country in Latin America followed by Costa Rica and Chile according to the latest edition of the Global Peace reported released Wednesday by the Institute for Economy and Peace.
Brazil and Argentina agreed to monthly meetings on commerce, Argentina said, as the neighbouring countries try to overcome tensions that flared earlier this month over car imports.
British Prime Minister David Cameron and US President Barack Obama have written a joint article for the Times at the start of the US State Visit to the UK.